MARKETWATCH – Mar 12 – The House Judiciary Committee is holding a hearing to discuss “alternative solutions” to the Marketplace Fairness Act, which would mark the beginning of the end of online tax-free shopping. The U.S. Senate voted to approve the act last year, but the bill expired before the House voted on it. The Act would require online vendors with $1M+ in annual out-of-state sales to collect sales tax from their customers. The act wouldn’t apply to digital content like music and e-books, which is why states are steadily introducing their own sales-tax laws. Last year, Minnesota introduced a tax on digital goods, including e-books, e-cards and apps. Washington State expanded its tax in 2009 to specifically cover digital music, movies and e-books and apps, as did Kentucky, Vermont and Wisconsin. Most states don’t include magazines, newspapers or online dating in those laws, however.
by Quentin Fottrell
See full article at MarketWatch
Looks like eCommerce’s tax holiday is going to come to an end. But iDating is a service, and should not be taxed.
Looks like eCommerce’s tax holiday is going to come to an end. But iDating is a service, and should not be taxed.